Vijay Solvex Ltd
Incorporated in 1987, Vijay Solvex Ltd is a manufacturer of Edible Oil and vanaspati ghee and also deals in ceramics products and wind power[1]
- Market Cap ₹ 311 Cr.
- Current Price ₹ 970
- High / Low ₹ 1,387 / 750
- Stock P/E 33.8
- Book Value ₹ 1,053
- Dividend Yield 0.00 %
- ROCE 1.43 %
- ROE 0.89 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.92 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 8.33% over past five years.
- Company has a low return on equity of 8.32% over last 3 years.
- Earnings include an other income of Rs.3.50 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Edible Oil Industry: Solvent Extraction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
768 | 662 | 685 | 879 | 1,226 | 1,448 | 2,070 | 2,716 | 2,430 | 1,829 | 1,728 | |
755 | 648 | 669 | 859 | 1,200 | 1,412 | 1,991 | 2,644 | 2,409 | 1,825 | 1,719 | |
Operating Profit | 13 | 14 | 16 | 20 | 26 | 36 | 78 | 72 | 21 | 4 | 9 |
OPM % | 2% | 2% | 2% | 2% | 2% | 2% | 4% | 3% | 1% | 0% | 1% |
-0 | 0 | 1 | 0 | 2 | 2 | 8 | 11 | 8 | 3 | 4 | |
Interest | 6 | 5 | 2 | 3 | 7 | 8 | -4 | 4 | 4 | 1 | 1 |
Depreciation | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
Profit before tax | 6 | 8 | 14 | 16 | 19 | 27 | 89 | 76 | 22 | 4 | 10 |
Tax % | 20% | 30% | 34% | 36% | 34% | 25% | 25% | 25% | 24% | 28% | |
5 | 5 | 9 | 10 | 13 | 21 | 67 | 57 | 17 | 3 | 9 | |
EPS in Rs | 14.49 | 16.89 | 28.20 | 32.07 | 39.78 | 64.54 | 208.49 | 179.23 | 53.11 | 9.18 | 28.70 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | -4% |
TTM: | -18% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -26% |
3 Years: | -65% |
TTM: | 51% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 44% |
3 Years: | -25% |
1 Year: | 19% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 8% |
Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 76 | 81 | 103 | 123 | 131 | 154 | 238 | 323 | 316 | 319 | 334 |
60 | 64 | 61 | 97 | 80 | 85 | 116 | 148 | 38 | 9 | 43 | |
24 | 23 | 22 | 23 | 28 | 42 | 53 | 43 | 48 | 43 | 39 | |
Total Liabilities | 163 | 172 | 190 | 246 | 243 | 284 | 411 | 516 | 405 | 375 | 419 |
15 | 15 | 16 | 16 | 18 | 20 | 22 | 24 | 22 | 35 | 35 | |
CWIP | 10 | 10 | 10 | 10 | 10 | 11 | 10 | 10 | 15 | 10 | 11 |
Investments | 17 | 17 | 51 | 60 | 57 | 61 | 83 | 117 | 103 | 103 | 111 |
121 | 130 | 114 | 160 | 158 | 192 | 296 | 366 | 264 | 227 | 261 | |
Total Assets | 163 | 172 | 190 | 246 | 243 | 284 | 411 | 516 | 405 | 375 | 419 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
44 | 4 | 23 | -38 | 53 | 47 | -22 | 41 | 71 | 31 | |
1 | -0 | -18 | 0 | -14 | -6 | -58 | 74 | -54 | 1 | |
-46 | -2 | -5 | 32 | -25 | -7 | 29 | 28 | -113 | -32 | |
Net Cash Flow | -1 | 1 | -0 | -5 | 14 | 35 | -51 | 143 | -97 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 14 | 14 | 15 | 21 | 14 | 9 | 7 | 6 | 6 | 4 |
Inventory Days | 17 | 40 | 28 | 33 | 16 | 9 | 19 | 19 | 12 | 15 |
Days Payable | 9 | 9 | 7 | 6 | 5 | 8 | 7 | 4 | 5 | 5 |
Cash Conversion Cycle | 22 | 45 | 36 | 49 | 25 | 10 | 19 | 21 | 14 | 14 |
Working Capital Days | 42 | 53 | 44 | 56 | 30 | 20 | 29 | 23 | 17 | 18 |
ROCE % | 9% | 10% | 10% | 12% | 15% | 28% | 19% | 6% | 1% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Newspaper Publication in which the Un-audited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2024, have …
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Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2024.
14 Nov - Board approved unaudited financial results for Q2 2024.
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Board Meeting Outcome for Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2024.
14 Nov - Board approved unaudited financial results for Q2 2024.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 7 Nov
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
VSL is the flagship company of Edible Oil Division of Data Group of Companies. It does processing of crude and refined edible oil, Vanaspati Ghee and mustard oil cake from mustard seeds and sells De-oiled cake (DOC); a by-product produced through further processing of mustard oil cake. It also sells refined blended edible oils. Apart from this, company deals in Bone China Crockery, Ceramic Gift items, High tension Porcelain Insulators and Wind Power generation